Daily Republican., 1887-11-03
HOW TO GET Rich.

Butler
BosToS, Mass, Aug. 2G, 1887.
DEAR SIR; | have received your
note asking me to write some practical
hints for young men on the acquire
ment OF wealth, which may he pub
lished.
A difficult task is set me, as the cir
cuDstances under which young men
commence life are so widely varied.
But think that more young men fail
in the investment of what they earn
or receive than in any other way 10 nc
quire property. The temptations to
speculate are so great, and the desire
to become suddenly rich so strong, that
believe eight or ten, II not more, of
young men are wrecked at the yery
beginning.
II a young man Is earning something
more than The expense OF his living,
and has no object in view, he is likely
either 10 increase those expenses care
lessly or to loan his money 10 his
friends, and In so doing in the major
ity OF cases be will lose both friends
and money, So that the best thing he
can do is 10 have an object to gather
up his n oney, and to have call for
it, which shall be profitable one. He
makes no investment because he says;
81 have got so little money that it
won come 10 anything. I will wait
until | get more" and in waiting gen.
orally, what he has goes
When young man has a very little
money let him buy some property,
preferably piece. however small, ac-
cording TO his means, Of improved real
estate that is paying rent. He had
better buy it when sold al auction,
under judicial sale, paying in cash
what he can, giving his notes for the
balance In small sums coming due a,
frequently recurring intervals, secured
by mortgage on the property, and
then use all his extra income paying
up those notes. II is always safe to
discount your own note, and if the
notes come little too fast, as soon as
he gets anything paid his friends will
aid him when he is putting his money
where il cannot be lost, and where the
property is taking care of the interest,
aud in very short time he will find
that he has got very considerable in.
vestment. He will become interested
in It. save his money TO meet his notes,
and he will directly come into con
siderable possession Of property, ant
hardly know how it came to him
That is. he will have had a motive fol
saving, and will get the result of tha,
| saving, and will not be tempted to
enter into speculstions.
Nothing is as safe for an investmen
as improved real estate. Nothing i
likely 10 grow into value faster. Ii
the last fifty years ninety per cent. o
all the merchants and traders in Dos
ton have failed or gone out of bust
ness, SO that their stock has beer
wiped out. In the last fifty years al
the improved real estate nn the ayerag
has paid its interest and taxes an,
quadrupled In value.
| Ii a young man 8 father can Civ
him anything TO start him in the vorl(
be had better invest IL in that way an,
let il accumulate, and earn his living
and he will be richer than If he hat
gone into business.
Jay Gould is said TO have starte,
from a mousc-trap seller TO become
millionaire. Assuming that to b
true, he is only one of GO, 900, 900 c
people; and II any young man think
that he is going to initiate Jay Gould
there are 60, 0,OO0, 900 chances TO on
that he won't succeed.
The rule | would lay down for
young man is, never do a mean thin
Tor money. BE prudent and saving
your money. BE careful to have u
interest account running against yo
unless you have an equal or greater il
terest account running in your favo
Work diligently and you are sure of
competency In your old age; and |
early as possible. if you can find
saving, prudent girl who has bee
brought up by a mother who know
how TO take care of q house, ara MAX
q wife OF her, she will aid and M
hinder you.
l claim no originality in this advic
and will relate you an incidence in m
own experience to illustrate it: In m
earliest practice in. my profession,
was quite successful in earning none
and l had small balance in the Low
ell bank, at the head OF which wa
MIR. James G. Carney. The ban
was directly across the hall from N
office. | stepped into the bank TO d,
post little money on one occasion
and Mr.. Carney said TO me:
"Why don't you invest your mo
ey?"
"Invest," said l, II have nothing
invest"
.Oh yes," he said, 'you have qui
little sum of money, and l zee tn
your young friends come with yo
checks occasionally, evidently DO
rowing it. Now you had better inve
it."
"How can I invest it?"
"Invest 1t in real estate
II know nothing about real e
tate" "
"Go to the first auction and buy Ii
property. You cannot be much chea
ed in that because you will have
, give very little more than somebot
else will be willing to pay for 1t, sa
your money, collect your fees, p'
your notes as they become due. s
that the property is improved proper
so that the rent will keep down yo
interest account, and when you g
any other money invest it in the san
way, and If your notes press upon "
a liltle faster than you can pay then
why, we will, when we find that
what you are doing with your none.
discount your money and give you
little more time. 30 that you can pay
up. This will necessitate the prom